Torrance Memorial Medical Center

Torrance Memorial Medical Center

Torrance, CA, US
501(c)3
EIN
95-1644042
Hospital
Regional Funder

Torrance Memorial Medical Center

Torrance, CA, US
501(c)3
EIN
95-1644042
Hospital
Regional Funder

Overview

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Est.

1925

Fiscal Year Start

Jul 1

Organization Type

Grantseeker
AI Summary
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Torrance Memorial Medical Center, with EIN 95-1644042, is a nonprofit organization focused on providing hospital care. In 2023, it reported an operating budget of $790.3 million and total revenue of $839.8 million, with no single funder contributing 50% or more of its revenue. More information about its mission and services can be found on its website, www.torrancememorial.org.

Mission Statement

SEE SCHEDULE O.
Revenues

$839.8M

Expenses

$790.4M

Net Income:
+$49.3M
Assets

$1.3B

Liabilities

$524.1M

Net Assets:
+$762.8M
Operating Budget

$790.3M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

5

Median grant size
$60K
Largest grant received
$20M
S
Susan Welch
Board Member
E
Eric Milefchik Md
Board Member
C
Craig Leach
Board Member

Frequently Asked Questions

What is Torrance Memorial Medical Center’s budget?
In 2023, Torrance Memorial Medical Center reported an annual operating budget of around $790.3 million. More detailed financial information is available to registered users.
What causes does Torrance Memorial Medical Center support?
Torrance Memorial Medical Center supports work in Hospital care.
Where does Torrance Memorial Medical Center operate?
Torrance Memorial Medical Center is headquartered in Torrance, CA.
Who funded Torrance Memorial Medical Center recently?
In 2024, Torrance Memorial Medical Center received grants from Torrance Memorial Medical Center Health Care Foundation, Public Health Institute, and Public Health Institute. More information on this organization’s funders is available to registered users.
What is the largest grant Torrance Memorial Medical Center received in 2024?
The largest grant to Torrance Memorial Medical Center in 2024 exceeds $20 million.
What is Torrance Memorial Medical Center’s reliance on government grants?
Torrance Memorial Medical Center relied on government grants for less than 5% of their total revenue in 2023.
Overview
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